Showing 1 - 10 of 12,319
learning. To overcome the inherent ill-posed statistical problem in NPS pollution data the sequential entropy filter is applied …
Persistent link: https://www.econbiz.de/10011608793
This paper initiates the study of long term interactions where players' bounded rationality varies over time. Time dependent bounded rationality is reflected in part in the number $\psi(t)$ of distinct strategies in the first $t$-stages. We examine how the growth rate of $\psi_i(t)$ affects...
Persistent link: https://www.econbiz.de/10010266360
We explore the term structures of claims to a variety of cash flows: U.S. government bonds (claims to dollars), foreign government bonds (claims to foreign currency), inflation-adjusted bonds (claims to the price index), and equity (claims to future equity indexes or dividends). Average term...
Persistent link: https://www.econbiz.de/10011538004
We use transfer entropy to quantify information flows between financial markets and propose a suitable bootstrap … procedure for statistical inference. Transfer entropy is a model-free measure designed as the Kullback-Leibler distance of …
Persistent link: https://www.econbiz.de/10010318778
sets a series of non-parametric based tests utilising entropy based metrics. These suggest that the PDFs and CDFs of these … two return distributions change shape in various subsample periods. The entropy and MI statistics suggest that the degree … most recent period from 2011 to 2012. The entropy based non-parametric tests of the equivalence of the two distributions …
Persistent link: https://www.econbiz.de/10010326508
In an integrated global economy, multinational enterprises (MNEs) have more opportunities than ever to reap the benefits of broader markets and more possibilities for an extensive division of labour between different locations. In spite of this, the evidence on the spread of the activities of...
Persistent link: https://www.econbiz.de/10010273008
metric is based on entropy, a phenomenon well known in engineering. …
Persistent link: https://www.econbiz.de/10010500505
For a durable consumption good which turns into waste after consumption, the socially optimal durability increases with … fail to provide an efficient product design, i.e. durability is inefficiently small, whereas the amount of solid waste is … ensures an efficient durability but generally not an efficient amount of solid waste. …
Persistent link: https://www.econbiz.de/10010322063
Persistent link: https://www.econbiz.de/10011658142
Persistent link: https://www.econbiz.de/10010261719